Max 401k Employer Match 2024

Max 401k Employer Match 2024. Simple 401(k) plan contributions max out at $16,000 for the 2024 tax year. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.


Max 401k Employer Match 2024

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. Note that any employer match doesn’t count toward an individual’s 401(k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up).

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